NPSP was founded in 1998 by two friends who wanted to combine the development of environmentally friendly biobased materials with the design of cool products. The first important realizations were dedicated to boats: for example, they designed and produced 'The Flax Cat', a light and strong flax (linen) based catamaran that was at the start of the world's largest catamaran race, the 'Round Texel Race'. After that, the company was part of the Dutch racing team during the 2001 World Solar Challenge, where the Nuna 1 was built under the supervision of astronaut Wubbo Ockels together with students from TU Delft. The same Nuna 1 that eventually won the 3000 km race across Australia.
Building on the success of these first two major projects, NPSP added two associates and a production plant in Haarlem to its design and engineering capabilities. The company expanded its business from 'Natural Powered Speed Products' to 'Products for the design, construction and transportation market'. NPSP built its reputation by adding fiberglass reinforced products to its portfolio, in addition to achieving international certification for its manufacturing processes. Yet the company retained the ambition to make biobased composites a standard product, usable by major industrial players.
In the period 2003 - 2014, NPSP developed a wide range of products, ranging from single piece objects to the production of large series. For example, the company developed the LC03 chairs designed by Maarten van Severen for the Dutch furniture brand Pastoe, in addition to the noses of intercity trains for Dutch Railways, also known as the Koploper. More generally, NPSP developed a wide variety of street furniture and the world's first biobased composite facade. Thanks to all these achievements, NPSP was named the 'most innovative and sustainable company in the rubber and plastics industry in the Netherlands' in 2011. Between 2003 and 2014, NPSP grew to more than 25 employees.
In the economic crisis, the founders of NPSP understood that they were deviating from their strategy of realizing a biobased society and that they were becoming more and more a standard production company. So in 2014, NPSP decided to sell its production facilities and refocus on developing and selling biobased materials and products.
With that in mind, a range of base materials, both circular and biobased, was developed under the name 'Nabasco'. The name Nabasco comes from the motto Nature Based Composites. These materials are used to make road signs, design products such as benches and lamps and indoor acoustic panels.